Smart Irrigation Market Forecasts to 2030 - Global Analysis By System Type (Weather-Based Controllers and Sensor-Based Controllers), Irrigation Type, Application, End User and By Geography

According to Stratistics MRC, the Global Smart Irrigation Market is accounted for $2.5 billion in 2024 and is expected to reach $6.1 billion by 2030 growing at a CAGR of 15.9% during the forecast period. Smart irrigation systems leverage advanced technologies to optimize water usage for agricultural and landscaping purposes. These systems utilize sensors, weather data, and automated controllers to monitor soil moisture, weather conditions, and plant needs in real-time. By precisely delivering the right amount of water at the right time, smart irrigation reduces water waste, enhances crop yields, and promotes healthier landscapes. Key components of smart irrigation include soil moisture sensors, weather-based controllers, and drip irrigation systems.

According to the India Brand Equity Foundation, the agricultural sector consumes the freshest water in the country, accounting for up to 78 percent. Additionally, as per the OECD's environmental forecast for 2050, India will experience severe water scarcity by 2050.

Market Dynamics:

Driver:

Growing environmental consciousness and water scarcity

As awareness of environmental issues rises, there's a greater demand for sustainable and efficient water management solutions. Smart irrigation systems, which optimize water usage through data-driven insights and automation, address these concerns effectively. Water scarcity pressures farmers and landscapers to adopt technologies that conserve water and enhance productivity. This trend drives the development and adoption of advanced irrigation systems, promoting sustainable practices and resource efficiency. Consequently, the smart irrigation market is experiencing rapid growth, fueled by the need for sustainable solutions in water management.

Restraint:

High initial investment and maintenance costs

High initial investment and maintenance costs can deter small and medium-sized farmers and businesses from adopting smart irrigation systems, despite their long-term benefits and efficiency gains. The upfront expense for advanced sensors, controllers, and installation can be prohibitive, limiting market penetration. Additionally, ongoing maintenance and the need for technical expertise to manage these systems can further discourage adoption. This financial barrier slows the widespread implementation of smart irrigation technologies, impacting market growth.

Opportunity:

Government initiatives promoting sustainable water usage

Policies and incentives, such as subsidies, grants, and tax breaks, encourage farmers and businesses to adopt water-efficient technologies. These initiatives raise awareness about water conservation and provide financial support to offset the high initial costs of smart irrigation systems. As a result, more stakeholders are investing in advanced irrigation solutions that optimize water usage and enhance sustainability. Government-backed programs also foster innovation and development within the industry, leading to more affordable and accessible smart irrigation products.

Threat:

Lack of awareness and technical expertise

Many potential users, particularly in developing regions, are unaware of the benefits and capabilities of smart irrigation technologies. Additionally, the complexity of these systems requires a certain level of technical knowledge for installation, operation, and maintenance. Without proper training and support, users may struggle to implement and manage smart irrigation solutions effectively, leading to suboptimal performance and potential disinterest.

Covid-19 Impact

The Covid-19 pandemic impacted the smart irrigation market by accelerating the adoption of automation and remote monitoring technologies. With restrictions on movement and labor shortages, farmers and landscapers turned to smart irrigation systems for efficient and contactless management of water resources. Supply chain disruptions initially hampered the production and distribution of these technologies, but the increased focus on sustainability and resource efficiency drove demand. The pandemic highlighted the importance of resilient and adaptable agricultural practices, spurring investment in smart irrigation solutions. This shift is expected to continue, fostering long-term growth and innovation in the market.

The sensor-based controllers segment is expected to be the largest during the forecast period

The sensor-based controllers is expected to be the largest during the forecast period as these controllers use real-time data to optimize water usage, reducing waste and conserving resources. They enable precise irrigation tailored to soil moisture, weather conditions, and plant needs, leading to healthier crops and landscapes. This technology is driving market growth by appealing to environmentally conscious consumers and businesses aiming to reduce operational costs. The increased adoption of sensor-based systems is fostering innovation, leading to more advanced and integrated solutions in the smart irrigation sector.

The drip irrigation segment is expected to have the highest CAGR during the forecast period

The drip irrigation segment is expected to have the highest CAGR during the forecast period as this method reduces water wastage by delivering water directly to plant roots, minimizing evaporation and runoff. Its integration with smart technologies allows for automated and data-driven irrigation schedules, optimizing water usage based on soil moisture, weather conditions, and plant requirements. The adoption of drip irrigation systems is expanding due to their cost-effectiveness and sustainability, driving market growth. This trend is encouraging further innovation and the development of advanced smart irrigation solutions, enhancing agricultural productivity and resource management.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the US is at the top of the market, but Canada is expected to grow the fastest in the future. The growth of the regional market is projected to be fueled by the introduction of IoT and the convergence of various control features, growing government programs to encourage water conservation, the expansion of smart cities, and the demand for effective irrigation systems. The industrial sector is adopting IoT devices in Mexico and the US more frequently to automate processes.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period as the region's agricultural industry is developing, and various countries are opting for smart irrigation solutions for reliability and enhancing market efficiency. There is a large market for smart irrigation systems in Asia-Pacific because of the region's widespread use of such systems. Hence, farmers in this country have started adopting smart irrigation systems with sensors to monitor water level, soil moisture content, and temperature, contributing to market expansion in China and regional growth.

Key players in the market

Some of the key players in Smart Irrigation market include AquaSpy, Inc., Banyan Water, Inc., Caipos GmbH, Calsense, Delta-T Devices Ltd., Galcon Ltd., Hunter Industries Incorporated, HydroPoint Data Systems, Inc., Jain Irrigation, Inc., Lindsay Corporation, Mottech Water Solutions Ltd., Nelson Irrigation Corporation, Netafim Limited, Rachio, Inc., Rain Bird Corporation, Rivulis Irrigation Ltd., Soil Scout Oy, The Toro Company, Valmont Industries and Weathermatic

Key Developments:

In June 2024, Lindsay (LNN) Signs Irrigation Project Deal for Food Security. The project is valued at more than $100 million in revenues. Pivot shipments for this project will commence in fourth-quarter fiscal 2024 and are scheduled to continue until 2025.

In January 2024, Lindsay Corporation Unveils Next Generation User Interface for Precision Irrigation Management. The FieldNET NextGen(TM) user interface sets new standards in irrigation water management, offering growers and agricultural professionals clear, concise analyses of thousands of data points processed in real time.

System Types Covered:

• Weather-Based Controllers
• Sensor-Based Controllers

Irrigation Types Covered:

• Drip Irrigation
• Pivot Irrigation
• Surface Irrigation
• Subsurface Irrigation
• Spray Irrigation
• Other Irrigation Types

Applications Covered:

• Controllers
• Sensors
• Water Flow Meters
• Software Solutions
• Other Applications

End Users Covered:

• Agricultural
• Non-Agricultural

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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